Titan Energy, LLC (OTCMKTS:TTEN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

On September27, 2017, Wilmington Trust, National Association, as Second Lien Collateral Agent (the “Second Lien Agent”) under Titan Energy, LLC’s (the “Company”) second lien credit facility (the “Second Lien Facility”), entered into a letter agreement (the “Extension Letter”) with Wells Fargo Bank, National Association, as First Lien Collateral Agent under the first lien credit facility (the “First Lien Facility”), and the Company. to the Extension Letter, the Second Lien Agent agreed to extend the 180-day standstill period under the intercreditor agreement (during which the lenders under the Second Lien Facility are prevented from pursuing remedies against the collateral securing the Company’s obligations under the Second Lien Facility) by an additional 35 days from October18, 2017 to November22, 2017. In addition, the extension of the standstill period extends the waiver of certain defaults under the First Lien Facility, which terminates 15 business days prior to the expiration of the standstill period. The parties agreed to extend the standstill period to provide the Company with additional time to negotiate proposed amendments to each of the First Lien Facility and the Second Lien Facility.

This summary of the Extension Letter does not purport to be complete and are subject to, and qualified in its entirety by, the full text of the Extension Letter, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

Titan Energy, LLC Exhibit
EX-10.1 2 d348348dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 [Wilmington Trust letterhead] September 27,…
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